Townhomes next to Meredith McDonalds

Biggd · 12-28-2025, 11:13 AM

Quote:

Originally Posted by SAMIAM

Haven’t seen evidence of any occupants in the new developments in Lakeport Square.There are some condos over the theater and several on the new Elm st building.They did a great job on the buildings but seems like the condos are not moving.Don’t know if it’s price or location.

Sales are very slow right now, we'll see what happens in the spring.
Came up for the first time in almost a month because I sprained my ankle, very quiet this weekend.

John Mercier · 12-28-2025, 11:35 AM

I think the choice was to permit build them as condos because change of use from an apartment to a condo creates layers of regulations.

The condos can be leased, so in essence be either a condo or an apartment without any extra committee oversight.

Scott has plenty of money, so I am sure that he takes his time making those decisions.

But I think the initial decision is based on getting onto the public sewer before it reaches capacity and we see curbs and costs for future development.

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12-28-2025, 11:35 AM	#2
John Mercier Senior Member Join Date: Jun 2021 Posts: 3,996 Thanks: 3 Thanked 680 Times in 562 Posts	I think the choice was to permit build them as condos because change of use from an apartment to a condo creates layers of regulations. The condos can be leased, so in essence be either a condo or an apartment without any extra committee oversight. Scott has plenty of money, so I am sure that he takes his time making those decisions. But I think the initial decision is based on getting onto the public sewer before it reaches capacity and we see curbs and costs for future development.